Being comfortable with the system is one aspect of the equation; that dealing with the person’s personality. Mastery is also a factor, and the trader has to be profitable or at least be making progress financially with the system. But how do you explain the penchant for system hopping by many traders?

Trade safe and prosper

dianajs:

TrapTheMarket:

Does it really matter which trading system you use as long as you are profitable and a master of your system? I keep wondering about this as I see traders hop from system to system.

Trade safe and prosper.

I think that what matters is for a trader to be comfortable with their strategy. For example, a scalping strategy may have a high degree of success, but not everyone feel comfortable scalping.

Being comfortable with the system is one aspect of the equation; that dealing with the person’s personality. Mastery is also a factor, and the trader has to be profitable or at least be making progress financially with the system. But how do you explain the penchant for system hopping by many traders?

There could be all kinds of reasons. It could be lack of experience and patience, it could be willingness to adapt by searching for a system that fits their needs more, it could be something entirely different. What do you think?

May be all sorts of things really. But I strongly believe that the major reason is the fear of losing money. Nobody wants to lose money and this is behind the unending search for the ‘Holy Grail.’

Trade safe and prosper.

dianajs:

TrapTheMarket:

Being comfortable with the system is one aspect of the equation; that dealing with the person’s personality. Mastery is also a factor, and the trader has to be profitable or at least be making progress financially with the system. But how do you explain the penchant for system hopping by many traders?

There could be all kinds of reasons. It could be lack of experience and patience, it could be willingness to adapt by searching for a system that fits their needs more, it could be something entirely different. What do you think?

May be all sorts of things really. But I strongly believe that the major reason is the fear of losing money. Nobody wants to lose money and this is behind the unending search for the ‘Holy Grail.’

Trade safe and prosper.

That is certainly a factor. I think that people also have a preference for a certain type of strategy. For example, some people don’t like scalping. They either feel it’s too risky or they don’t have a quick enough reaction time. Other people don’t want to wait for days to close a position. It largely depends on the individual.

If you are looking to have a profitable edge in the market, what should it be? Personally, I don’t look for an edge in any trading system but how I use the system. The edge is really about your person and the discretionary steps you take as a trader. What do you think?

I don’t know whether I am looking for an edge. For me the most important thing is to have working strategy and to be able to follow it with enough discipline to be efficient. That is enough of an edge for me, in my opinion.